Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1715212800&amp;v&#61;beta&amp;t&#61;mggQhFIPzBx6mgiuC2vWJTd-_FiIqSAgBHuEtocGOJw" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>The Energy Information Administration has initiated a survey to examine crypto mining energy consumption, while Binance encounters obstacles in its bid to reenter the UK market, hindered by regulatory resistance and local partners&#39; hesitance. Additionally, the European Supervisory Authorities have released a report delving into the financial services role of Big Tech within the EU.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li>Sen. Cynthia Lummis (R-WY)</li><li>Reps. <a href="https://www.linkedin.com/in/wiley-nickel-431491260/" rel="noopener noreferrer nofollow">Wiley Nickel</a> (D-NC) and <a href="https://www.linkedin.com/in/mike-flood-72a5a262/" rel="noopener noreferrer nofollow">Mike Flood</a> (R-NE)</li><li><a href="https://www.linkedin.com/company/house-financial-services-democrats/" rel="noopener noreferrer nofollow">House Financial Services Committee</a> Chair Patrick McHenry (R-NC)</li><li><a href="https://www.linkedin.com/company/united-states-senate-committee-on-banking-housing-and-urban-affairs/" rel="noopener noreferrer nofollow">Senate Banking Committee</a> Chair Sherrod Brown (D-OH)</li><li>Sen. <a href="https://www.linkedin.com/in/senatorelizabethwarren/" rel="noopener noreferrer nofollow">Elizabeth Warren</a> (D-MA)</li><li>Rep. <a href="https://www.linkedin.com/in/larrybucshon/" rel="noopener noreferrer nofollow">Larry Bucshon</a> (R-IN)</li><li>Rep. Andy Barr (R-KY)</li><li><a href="https://www.linkedin.com/company/federal-reserve-system/" rel="noopener noreferrer nofollow">Federal Reserve</a> Chair Jerome Powell</li><li>Acting Comptroller of the Currency Michael Hsu</li><li>Rep. Bob Good (R-VA)</li><li><a href="https://www.linkedin.com/company/genesis-global-technology/" rel="noopener noreferrer nofollow">Genesis</a></li><li>US <a href="https://www.linkedin.com/company/u-s-energy-information-administration/" rel="noopener noreferrer nofollow">Energy Information Administration (EIA)</a></li><li>Sen. <a href="https://www.linkedin.com/company/ed-markey-for-us-senate/" rel="noopener noreferrer nofollow">Ed Markey</a> (D-MA)</li><li><a href="https://www.linkedin.com/company/european-securities-and-markets-authority-esma/" rel="noopener noreferrer nofollow">European Securities and Markets Authority (ESMA)</a></li><li>UK&#39;s <a href="https://www.linkedin.com/company/financial-conduct-authority/" rel="noopener noreferrer nofollow">Financial Conduct Authority (FCA)</a></li><li><a href="https://www.linkedin.com/company/binance/" rel="noopener noreferrer nofollow">Binance</a></li></ul><h3 id="us">US</h3><h3 id="congressional-review-act-resolution-introduced-to-overturn-sec-accounting-bulletin">Congressional Review Act Resolution Introduced to Overturn SEC Accounting Bulletin</h3><p>Sen. Cynthia Lummis (R-WY) and Reps. Wiley Nickel (D-NC) and Mike Flood (R-NE) introduced a Congressional Review Act resolution to overturn the SEC’s Staff Accounting Bulletin 121. House Financial Services Committee Chair Patrick McHenry (R-NC) tweeted in support of the resolution.</p><h3 id="senate-banking-committee-expresses-concerns-over-crypto-in-illicit-finance">Senate Banking Committee Expresses Concerns Over Crypto in Illicit Finance</h3><p>During a Senate Banking Committee hearing, Chair Sherrod Brown (D-OH) and Sen. Elizabeth Warren (D-MA) raised concerns over the use of crypto in illicit finance and scams.</p><h3 id="rep-larry-bucshon-discusses-proposed-blockchain-legislation">Rep. Larry Bucshon Discusses Proposed Blockchain Legislation</h3><p>In an <a href="https://blockchaintipsheet.com/legislation/rep-larry-bucshon/" rel="noopener noreferrer nofollow">interview with Blockchain Tipsheet</a>, Rep. Larry Bucshon (R-IN) discussed his proposed blockchain legislation, and voiced hope that the bills will receive floor votes this year.</p><h3 id="federal-officials-voice-concerns-over-sec-s-proposed-crypto-regulations">Federal Officials Voice Concerns Over SEC’s Proposed Crypto Regulations</h3><p>Rep. Andy Barr (R-KY) shared letters from Federal Reserve Chair Jerome Powell and acting Comptroller of the Currency Michael Hsu, who voiced concern over the SEC’s proposed changes to how investment advisers should handle crypto, real estate, and other assets.</p><h3 id="rep-bob-good-criticizes-sen-elizabeth-warren-39-s-regulatory-approach-to-crypto">Rep. Bob Good Criticizes Sen. Elizabeth Warren&#39;s Regulatory Approach to Crypto</h3><p>Rep. Bob Good (R-VA) criticized Sen. Elizabeth Warren (D-MA) for trying to damage the crypto industry through a “heavy handed regulatory approach.”</p><h3 id="belarusian-man-charged-with-operating-btc-e-exchange">Belarusian Man Charged with Operating BTC-e Exchange</h3><p>The Justice Department is charging a Belarusian man with operating the digital currency exchange BTC-e, which prosecutors say was used by cyber criminals to launder illegally procured funds.</p><h3 id="genesis-seeks-approval-for-21-million-settlement-with-sec">Genesis Seeks Approval for $21 Million Settlement with SEC</h3><p>Genesis asked a New York judge to approve a $21 million settlement it has reached with the SEC to end the agency’s enforcement action.</p><h3 id="eia-initiates-survey-on-crypto-mining-energy-consumption">EIA Initiates Survey on Crypto Mining Energy Consumption</h3><p>The Energy Information Administration (EIA) announced that it is initiating a provisional survey of electricity consumption information from crypto mining companies operating in the US. EIA will also be soliciting public comment on the collection of crypto miners’ energy use data.</p><h3 id="sens-warren-and-markey-tweet-about-eia-survey-on-crypto-mining-energy-consumption">Sens. Warren and Markey Tweet About EIA Survey on Crypto Mining Energy Consumption</h3><p>Sens. Elizabeth Warren (D-MA) and Ed Markey (D-MA) tweeted about the EIA survey, with Sen. Warren praising the effort to “rein in crypto’s carbon pollution.” Sen. Markey called for the passage of his proposed Crypto-Asset Environmental Transparency Act.</p><h3 id="eu-uk">EU/UK</h3><h3 id="esma-releases-updated-guidance-on-mica-and-regulatory-frameworks">ESMA Releases Updated Guidance on MiCA and Regulatory Frameworks</h3><p>The European Securities and Markets Authority (ESMA) <a href="https://www.esma.europa.eu/esma-qa-search-page?created%5Bmin%5D&#61;&amp;created%5Bmax%5D&#61;&amp;title&#61;&amp;field_qa_question_value&#61;mica" rel="noopener noreferrer nofollow">published updated questions and answers on MiCA and other regulations</a>.</p><h3 id="binance-faces-challenges-in-uk-market-reentry-amid-regulatory-opposition">Binance Faces Challenges in UK Market Reentry Amid Regulatory Opposition</h3><p>Binance’s push to reenter the UK market is being frustrated by reluctance among prospective local partners amid regulatory opposition from the UK’s Financial Conduct Authority (FCA).</p><h3 id="european-supervisory-authorities-analyze-big-tech-39-s-financial-services-role">European Supervisory Authorities Analyze Big Tech&#39;s Financial Services Role</h3><p>The European Supervisory Authorities <a href="https://www.eba.europa.eu/sites/default/files/2024-02/b0c38062-0055-4631-b99e-b728f19e3868/Report%20on%202023%20stocktaking%20of%20BigTech%20direct%20financial%20services%20provision.pdf" rel="noopener noreferrer nofollow">published a report taking stock of the financial services activities of Big Tech in the EU</a>.</p><h3 id="uk-labour-party-unveils-financial-sector-plans-embracing-tokenization-and-cbdcs">UK Labour Party Unveils Financial Sector Plans, Embracing Tokenization and CBDCs</h3><p>The UK’s Labour Party released its plans for the financial sector, including efforts to embrace securities tokenization and a CBDC.</p>

Binance encounters difficulties re-entering UK market

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